Here is a look at the scorecard of Advance Auto Parts Inc. (NYSE:AAP) for the most recent quarter as well as analyst estimates for the coming periods.
The company generated sales of 2.08B%, implying an increase of 0.02%% compared to a similar quarter a year earlier.
To achieve the reported sales of 2.08B% for the quarter, the company incurred $1.18B in cost of goods. Therefore, after taking into account the cost of sales, Advance Auto Parts Inc. emerged with a gross income of $907.56M.
Recently, Advance Auto Parts, Inc. (NYSE:AAP) announced that its financial results for the first quarter ended April 22, 2017. First quarter GAAP earnings per diluted share (Diluted EPS) were $1.46. First quarter Adjusted earnings per diluted share (Adjusted EPS) were $1.60, which exclude $0.14 of non-GAAP adjustments.
Let?s look into the technical of the stock
The Barchart Technical Opinion rating is a 88% Sell with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.
Advance Auto Parts Inc. also incurred other expenses in the course of operation. So after taking those into account as well, it exited the quarter with EPS of $0.84. The company had 73.89M diluted outstanding shares at the end of the quarter.
For the next quarter, analysts on the average are modeling EPS of $2.04.
Advance Auto Parts Inc.?s cash balance at the end of the most recent quarter was 135.18M%. The company generated free cash flow of $36.11M during the quarter, with net operating cash flow being $91.46M. Net change in cash was $15.68M.
That said, Advance Auto Parts Inc. finished the quarter with debt of 306,000%. The debt increased/fell by falling from the past period.
What is Wall Street thinking about Advance Auto Parts Inc.? So far 29 analysts have weighed on the stock, and from that it has average analyst recommendation of Overweight and average price target of $169.50. To put the analyst recommendation into perspective, recommendation in the range of 1.00 – 1.24 implies a BUY recommendation, while 1.25 – 1.74 implies OVERWEIGHT. HOLD recommendation is represented by 1.75 – 2.24, UNDERWEIGHT is represented by 2.25 -2.74 while SELL is represented by 2.75 – 3.00.
Does Advance Auto Parts Inc. have a healthy balance sheet? A look at the company’s balance sheet at the end of the most recent quarter shows that it reflects total assets of $8.32B, offset by total liabilities of $5.4B.
